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re: BOIL has become predictable

Posted on 6/9/14 at 3:36 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/9/14 at 3:36 pm to
No idea what cash will settle at today, but cash as of Friday, and July contracts are within a penny.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/9/14 at 8:57 pm to
Henry hub cash line was going for $4.66, up a penny today, and the July contracts are at $4.619, August is at $4.612.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/10/14 at 8:25 am to
It's looking less painful again today. Thanks goodness.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/10/14 at 1:42 pm to
Natty gas is getting crushed, and UNG not so much. I'm hopeful some reality is starting to sink in though.
Posted by sneakytiger
Member since Oct 2007
2495 posts
Posted on 6/10/14 at 2:18 pm to
What's cash at?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/10/14 at 2:44 pm to
I don't see Henry Hub prices for today until later on this evening. I'm not sure if this is SOP or not, but cash prices in my commodities account doesn't real time update like futures.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/10/14 at 8:34 pm to
Cash was $4.57, July is at $4.54.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/11/14 at 7:05 am to
We're continuing to head the right direction.
Posted by I Love Bama
Alabama
Member since Nov 2007
38341 posts
Posted on 6/11/14 at 7:12 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/11/14 at 8:52 am to
We're at equilibrium. Cash and July are about even. Today's movement, if any, will be all about tomorrow's report.

I've started to read some bulls indicating they think the market is overheated. I hope more analysts start printing stuff like this. That way, everyone will jump on the bandwagon. Even the experts have no independent thought. It's all follow the leader.
Posted by sneakytiger
Member since Oct 2007
2495 posts
Posted on 6/12/14 at 9:32 am to
Injections reported at 107 vs expectations of 109-113. UNG explodes $0.75.
Posted by TheBigHurt
Houston
Member since Feb 2010
2395 posts
Posted on 6/12/14 at 9:36 am to
That was a kick in the nuts.
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 6/12/14 at 9:37 am to
quote:

Injections reported at 107 vs expectations of 109-113. UNG explodes $0.75.


Geeeez. I just loaded the boat with more DGAZ yesterday too.
Posted by rintintin
Life is Life
Member since Nov 2008
16737 posts
Posted on 6/12/14 at 10:09 am to
Well shite.
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 6/12/14 at 10:30 am to
quote:

Well shite.


I'm debating on whether to average down again today or not. I'm leaning no; but it's tempting.
Posted by sneakytiger
Member since Oct 2007
2495 posts
Posted on 6/12/14 at 11:05 am to
July NYMEX up almost 20 cents, UNG up $1.00+... can't wait to see how this is spun.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/12/14 at 11:26 am to
It's an over reaction again. But it is painful, and once I get close to break even I'm going to start to unwind my position. I tried a little bit yesterday, and could have gotten out of July UNG 24 at a gain, but I never expected this today.

It's has been a incredible amount of work managing this trade. At this point I need to get out with as little damage as possible. There is still some time, but I'm not taking any more chances.

Posted by sneakytiger
Member since Oct 2007
2495 posts
Posted on 6/12/14 at 11:28 am to
I'm with ya. It's bad enough that these will bleed extrinsic value every day, even with a favorable move in the market. Just flat out running out of time.
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 6/12/14 at 11:45 am to
This is rather depressing.
Posted by rintintin
Life is Life
Member since Nov 2008
16737 posts
Posted on 6/12/14 at 12:11 pm to
I'm holding strong. I think by a purely technical standpoint UNG has strong resistance at the 27.89 level. It hasn't broken 27 since late February. If it blows passed that point then I'll abandon ship.
This post was edited on 6/12/14 at 12:15 pm
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